Aplazo Raises $27M in Series A Funding


Aplazo, a Mexico City, Mexico-based omnichannel buy now, pay later (BNPL) platform, raised $27m in Series A funding.

The round was led by Oak HC/FT, with participation from existing investors Kaszek and Picus Capital

The company will use the funds to accelerate growth, including increasing investment in talent across product, engineering, sales and merchant success, and scale its expansion in 2022 to other Latin American countries.

Led by Angel Peña, CEO, and Alex Wieland, COO, Aplazo Aplazo is a “buy now, pay later” service that allows consumers to acquire the products they want. Through Aplazo, consumers can split their online and offline purchases into multiple installments without needing a credit card and avoiding the debt trap. Its integrated, tech-enabled platform offers merchants the ability to increase average basket size, conversion and customer engagement. It uses alternative data, such as open banking and telecom data, to gauge consumers’ creditworthiness and level of affordability, optimizing approval rates and providing fair credit products to underserved consumers.